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GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)
Note 19—Regulatory Requirements (continued)
84
which management believes would have changed our category as well capitalized. We were not subject to these
requirements as of December 31, 2010.
The actual, required minimum and amount we exceed the minimum capital amounts and ratios at December 31,
2011 are as follows:
Actual Amount
Regulatory "well
capitalized" minimum
Amount We Exceed
Regulatory "well
capitalized" minimum
(in thousands, except ratios)
Tier 1 capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 228,971 $ 16,578 $ 212,393
Total risk-based capital . . . . . . . . . . . . . . . . . . . . 228,971 28,374 200,597
Average total assets for leverage capital
purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 331,554 N/A N/A
Total risk weighted assets. . . . . . . . . . . . . . . . . . 283,737 N/A N/A
Tier 1 leverage ratio . . . . . . . . . . . . . . . . . . . . . . 69.1% 5.0% 64.1%
Tier 1 risk-based capital ratio . . . . . . . . . . . . . . . 80.7% 6.0% 74.7%
Total risk-based capital ratio . . . . . . . . . . . . . . . . 80.7% 10.0% 70.7%
Note 20— Selected Unaudited Quarterly Financial Information
The following tables set forth a summary of our quarterly financial information for each of the four quarters ended
December 31, 2011 and 2010.
Q4 Q3 Q2 Q1
(in thousands, except per share data)
2011
Total operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 119,674 $ 115,387 $ 115,030 $ 117,307
Total operating expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . 97,388 94,079 95,680 96,802
Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,286 21,308 19,350 20,505
Interest income, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 192 134 136 102
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . 22,478 21,442 19,486 20,607
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,470 8,139 7,416 7,906
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,008 $ 13,303 $ 12,070 $ 12,701
Earnings per share
Basic
Class A common stock. . . . . . . . . . . . . . . . . . . . . . . . $ 0.33 $ 0.32 $ 0.29 $ 0.30
Class B common stock . . . . . . . . . . . . . . . . . . . . . . . $ 0.33 $ 0.32 $ 0.29 $ 0.30
Diluted
Class A common stock. . . . . . . . . . . . . . . . . . . . . . . . $ 0.33 $ 0.30 $ 0.27 $ 0.29
Class B common stock . . . . . . . . . . . . . . . . . . . . . . . $ 0.33 $ 0.30 $ 0.27 $ 0.29